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Crypto stocks close on huge gains riding Donald Trump’s US election win
[Nov 7, 2024 1:38 AM] Traders have seized on optimism that the more pro-crypto Republicans could also win a majority in Congress after the party won the Senate and the White House.
Hut 8 Gears up for a Mining Power Surge With 31K New Bitmain Antminers
[Nov 6, 2024 8:30 PM] Hut 8 Corp., a North American bitcoin miner, has unveiled plans to enhance its application-specific integrated circuit (ASIC) fleet, aiming for a boost in self-mining efficiency and expanded hashrate capacity by early 2025. Hut 8 Moves to Boost…
Bitcoin Mining Stocks Skyrocket as Trump’s White House Win Sparks Crypto Rally
[Nov 6, 2024 5:30 PM] After last week’s turbulent period, publicly traded bitcoin mining companies rebounded on Wednesday, celebrating a strong performance as Trump clinched the White House. Bitcoin Mining Stocks See Explosive Gains On Nov. 6, bitcoin mining stocks…
Bitfufu Reports Q3 Revenue Increase of 47.5% Year Over Year
[Nov 6, 2024 10:30 AM] Nasdaq-listed cloud mining services company Bitfufu has announced its unaudited financial results for the third quarter of 2024, revealing a total revenue of $90.3 million, a 47.5% increase from $61.2 million in the same period last year. The…
Riot’s Monthly BTC Output Up by 23%; Company Calls October Production ‘New Post-Halving Milestone’
[Nov 6, 2024 9:30 AM] Bitcoin mining company Riot Platforms reported a 23% increase in bitcoin production in October, driven by increased hashrate and operational efficiency. Riot’s Latest Financial Update Bitcoin mining giant Riot Platforms (Nasdaq: RIOT)…
Bitcoin’s Difficulty Soars Past 100 Trillion—How Are Miners Adapting?
[Nov 5, 2024 8:30 PM] Bitcoin’s mining difficulty has climbed past an unprecedented 100 trillion, marking a new peak in the complexity of finding blocks on the network. Bitcoin’s Mining Difficulty Hits 100 Trillion The difficulty level increased by 3.94%, now sitting at…
Bitcoin Mining Difficulty Tops 100T for First Time, Piling Pressure on Small Miners
[Nov 5, 2024 11:23 AM] The Bitcoin hashrate, on a seven-day moving average, hit a record high of 755 EH/s last week.
Bitcoin Mining Stocks Take a Dive – But Monday Could Change the Game for These Players
[Nov 4, 2024 12:30 PM] It’s been a rough week for bitcoin mining stocks, as nine out of the top ten publicly listed miners have seen declines ranging from 2.07% to 19.65%. This Week Applied Digital Leads Declines in Bitcoin Mining Sector, Hut 8 Only Gainer With…
From Record Hashrate to a 241% Onchain Fee Increase – Bitcoin Mining’s Big October Unpacked
[Nov 2, 2024 5:10 PM] Following September’s slump to its lowest revenue of the year, bitcoin miners had a profitable October, recording a 25.05% revenue increase. Bitcoin Mining’s October Comeback On Oct. 31, one petahash per second (PH/s) of computing power was…
The US Election is Just Days Away: Which Party is Best for Bitcoin Mining Stocks?
[Nov 2, 2024 4:10 PM] Ever wondered how U.S. presidential elections impact the stock market? We explore historical trends, stock market predictions, and Bitcoin price movements under different administrations. The following guest post comes from Bitcoinminingstock.io…
Bitfarms, Stronghold Digital Mining to Deploy 10,000 Miners in Pennsylvania
[Nov 2, 2024 7:30 AM] Bitfarms has partnered with Stronghold Digital Mining Hosting to deploy 10,000 miners at its Pennsylvania site, aiming to improve efficiency and expand its U.S. operations. Improved Efficiency Canada-based bitcoin miner Bitfarms has entered into a…
Inside Cleanspark’s Move to Boost Efficiency With 3,800 Immersion-Cooled Canaan Bitcoin Miners
[Nov 1, 2024 9:10 PM] Canaan Inc. announced a new agreement to deliver 3,800 Avalon A1566I miners to Cleanspark Inc., a publicly listed bitcoin mining and energy technology firm. A New Deal Between Canaan and Cleanspark According to the announcement, the bitcoin miners…
Has Russia really ‘legalized’ cryptocurrency mining?
[Nov 1, 2024 8:51 AM] Russia’s crypto mining laws have filled the “regulatory vacuum,” but there is still a lot of legal uncertainty about many aspects of regulation.
CleanSpark targets 400MW Bitcoin mining capacity after acquiring GRIID
[Nov 1, 2024 4:15 AM] CleanSpark CEO Zach Bradford said it was a strategic move for the firm to increase its mining capacity in Tennessee.
Bitfarms inks another 10,000 Bitcoin miner hosting agreement with Stronghold
[Nov 1, 2024 2:51 AM] The Bitcoin data center firm is deploying an additional 10,000 miners to Stronghold’s Scrubgrass site.
Coinshares Report: Inside Bitcoin’s Cost Crunch—Why Mining Expenses Are Hitting Record Highs
[Oct 31, 2024 6:30 AM] Coinshares’ Q3 mining report, led by researcher James Butterfill, highlights mounting costs and challenges impacting the bitcoin mining industry in 2024. How Bitcoin Mining Industry Giants Are Battling Rising Prices The Coinshares Q3 mining…
Riot revenue rises 65% from 2023 but says hashrate plans hampered
[Oct 31, 2024 3:03 AM] Riot has reduced its hashrate projections due to delays in expansion at its recently acquired Kentucky facility.
Russia to Ban Crypto Mining in Key Regions as Energy Shortages Intensify
[Oct 30, 2024 10:30 PM] Russia is moving to ban cryptocurrency mining in energy-restricted regions, citing severe power shortages that could jeopardize long-term stability until 2030. Crypto Miners Face a Major Blow in Russia’s Energy-Restricted Zones Russian Deputy…
Bitcoin’s Hashrate Hits All-Time High at 740 EH/s—What It Means for Miners
Strategic Diversification in Bitcoin Mining and HPC – Bit Digital (BTBT) Analysis
[Oct 27, 2024 10:35 PM] Bit Digital is strategically navigating the post-halving era, opting for HPC opportunities instead of expanding hash rate at any cost. With a focus on generating predictable revenue, could BTBT emerge as the next dark horse among Bitcoin mining…
Russia Publishes New Crypto Law Expanding State Control Over Digital Assets
[Oct 27, 2024 2:30 AM] Russia’s new crypto law amplifies state control, enabling regional restrictions, tighter infrastructure regulations, and enhanced transaction monitoring. State Authority Over Digital Currency Grows as Russia Publishes New Law The Russian…
TeraWulf: Overview of a Rising Bitcoin Miner in 2024
[Oct 26, 2024 10:30 PM] TeraWulf stands out as a top-performing Bitcoin mining stock in 2024, up 70% YTD with 62.49% institutional ownership. Discover How Financial Health, Expansion, and Low-Cost Energy Fuel TeraWulf’s success The following guest post comes from…
A New Approach to Analyzing Operational Efficiency of Bitcoin Mining Companies
[Oct 26, 2024 9:20 PM] Discover how Bitcoin mining companies are navigating operational efficiency amid global layoff trends by examining their G&A expenses relative to revenue. Analyzing the Operational Efficiency of Mining Firms Like MARA, CLSK, RIOT, and Other Top…
The Race to the Zettahash Era: Bitcoin’s Hashrate Breaks New Records
[Oct 26, 2024 3:30 PM] On Friday, Oct. 25, 2024, Bitcoin’s network hashrate climbed to a new all-time high, reaching 736.81 exahash per second (EH/s)—a milestone unmatched in the network’s history. Bitcoin’s Hashrate Hits Historic High — How Close Are We to the Zettah
4 reasons why Bitcoin price is not trading above $70K
[Oct 25, 2024 8:30 PM] Bitcoin’s path to $70,000 hinges on lower interest rates, the US election outcome, boosted BTC miner profits, and strong spot ETF demand.
Uncharted Territory: Bitcoin’s Mining Difficulty Reaches New Extremes
Bitcoin Mining Difficulty Hits All-Time High as Mining Revenue Rises; Signals Upcoming Bull Run
[Oct 23, 2024 10:48 AM] Bitcoin mining difficulty jumps 3.9%, hits 95.67T on Tuesday, amid record hashrate.
BTC Miner Core Scientific Expands Contract With Coreweave, Eyes $8.7B in HPC Revenue
[Oct 22, 2024 5:45 PM] Core Scientific has revealed that Coreweave has chosen to expand its high-performance computing (HPC) infrastructure by another 120 megawatts (MW), pushing the total contracted capacity to around 500 MW. Core Scientific and Coreweave Extend…
Northern Data Considers Selling Crypto Mining Unit to Fund AI Venture
[Oct 22, 2024 10:00 AM] Northern Data, a German data center company, is considering selling its crypto mining arm, Peak Mining Frankfurt, to focus on its growing AI business. This move comes as crypto miners continue to struggle with reduced Bitcoin rewards. If the sale…